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Jan 15, 2013
01/13
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like ben bernanke saying time to ditch the debt ceiling all together. is it as silly as he says it is? we'll debate that. more "money" ahead what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. ♪ . melissa: so moving onto another budget fight and accusations that republicans will hold the debt ceiling hostage over spending cuts, federal reserve chairman ben bernanke said there is no practical purpose to the debt ceiling and it is a device to prevent the u.s. from paying its bills. why are we wat
like ben bernanke saying time to ditch the debt ceiling all together. is it as silly as he says it is? we'll debate that. more "money" ahead what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. [...
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Jan 16, 2013
01/13
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like ben bernanke saying time to ditch the debt ceiling all together. is it as silly as he says it is? we'll debate that. more "money" ahead officemax has exactly the ink... your business needs... at prices that keep you...out of the red. this week get a bonus $15 itunes gift card with any qualifying $75 ink purchase. find thousands of big deals now... at officemax. ♪ music kids will spend 15 minutes watching online videos like this one. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. ♪ . melissa: so moving onto another budget fight and accusations that republicans will hold the debt ceiling hostage over spending cuts, federal reserve chairman ben bernanke said there is no practical purpose to the debt ceiling and it is a device to prevent the u.s. from paying its bills. why are we watching washington fight over it? maybe we should get rid of it. here is susan occhs, american banker columnist and former senior advisor to president obama and stephen hayes, "weekly standard"
like ben bernanke saying time to ditch the debt ceiling all together. is it as silly as he says it is? we'll debate that. more "money" ahead officemax has exactly the ink... your business needs... at prices that keep you...out of the red. this week get a bonus $15 itunes gift card with any qualifying $75 ink purchase. find thousands of big deals now... at officemax. ♪ music kids will spend 15 minutes watching online videos like this one. brushing for two minutes now, can save your...
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Jan 15, 2013
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i will not negotiate over the debt ceiling. congress has to do its job. >> woodruff: when it comes to the republicans jake sherman, you've been talking to some of the folks on the hill. they were digging in their heels just as much as the president was. what was their reaction? >> i think they have... they see this situation as three big issues: the government funding issue. that runs dry at the end of march. the debt ceiling. and these automatic spending cuts that take hold at the beginning of march. they want to use these opportunities. they don't think it's so bad to shut down the government or to default on the debt. they are even skeptical of the administration's estimates of when that will happen. so they see themselves really having very little leverage besides doing something which a lot of americans would consider extreme which is defaulting on the debt or shutting down the government. now i think it's virtually impossible that speaker john boehner will raise the debt ceiling without commensurate spending cuts. he's wa
i will not negotiate over the debt ceiling. congress has to do its job. >> woodruff: when it comes to the republicans jake sherman, you've been talking to some of the folks on the hill. they were digging in their heels just as much as the president was. what was their reaction? >> i think they have... they see this situation as three big issues: the government funding issue. that runs dry at the end of march. the debt ceiling. and these automatic spending cuts that take hold at the...
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Jan 18, 2013
01/13
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the risk is the debt ceiling negotiation in the u.s. during february. we think that u.s. congres will not reach an agreement to derail the u.s. economic recovery. it should be temporary and limited. >> the yen is weaker against the euro. that's on similar expectations for more monetary easing pressures from the bank of japan. the euro quoted at 120.4 to 1. the euro has gained ground against the yen and the dollar. analysts say that's due to worries over with the euro zone. let's see how this is affecting tokyo stocks. share prices surging across the board. nikkei at 10,828. a gain of over 2% from thursday's close. buying was prompted by more optimistic views about the u.s. economic recovery following strong housing data. let's look at other markets open in the asia pacific. over in australia the benchmark index is trading hie ining high. positive moves so far. tokyo is leading >> on japan clearly that sort of recently announced fiscal and monetary package is intended to create growth in the short term. we don't think that if not associated with a midterm solid anchoring t
the risk is the debt ceiling negotiation in the u.s. during february. we think that u.s. congres will not reach an agreement to derail the u.s. economic recovery. it should be temporary and limited. >> the yen is weaker against the euro. that's on similar expectations for more monetary easing pressures from the bank of japan. the euro quoted at 120.4 to 1. the euro has gained ground against the yen and the dollar. analysts say that's due to worries over with the euro zone. let's see how...
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Jan 15, 2013
01/13
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translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has already passed. the laws that it's already passed. republicans are saying it's about borrowing authority. essentially running up the country's credit card. >> exactly. what the republicans are saying is look, we maxed out the credit card. it's time before we extend any new credit or allow any new credit to do something aboutbe the spending that got us here. that would seem on the surface to be a reasonable argument. but so far, the republicans have not been able to win it. and what tends to happen in the fights when you get all of this late hour melodrama as we have had in the last cou
translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has...
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Jan 15, 2013
01/13
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triple-a-rated give the debt ceiling is not raised. with more of possible economic fallout, moody's chief economist. all right. if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative psychological shock that will temporarily send share prices sharply lower, but provided that policymakers in washington could reassure markets that washington is going to do more to stabilize the budget. maybe that -- gerri: it makes into the pipe. they did it -- did not to say there are going to downgraded if we did not like the debt ceiling prices go away. they also said the current outlook is likely to be resolved even if another debt ceiling crisis is averted. they want to see spending cut. now, do you think that the markets would go to town if there was some bi
triple-a-rated give the debt ceiling is not raised. with more of possible economic fallout, moody's chief economist. all right. if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative...
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Jan 15, 2013
01/13
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maybe we shouldn't call this the debt ceiling at all. maybe we should change it the downgrade ceiling because this game of chicken is sick. >> sometimes semantics can make all the difference. >>> breaking news. "usa today" is reporting that lance armstrong has confessed to using performance enhancing drugs. i am looking at just rapped with lance armstrong, 2 1/2 hours. he came ready. what he did tell her? >> he confessed to doping in his cycling career. the interview just wrapped. and there is a confidentiality agreement about the show. it won't air until thursday. the plan all along was to use the venue to confess. make an admission about doping in his cycling career. something he's never done before. he's denied it for years and attacked those who accused him of it for years. >> significant development. >> attacked and attacked aggressively. denied allegations so many times. many people who thought there was no way he could tell the truth believed him. the power and passion in which he denied it. now he has admitted to something, now t
maybe we shouldn't call this the debt ceiling at all. maybe we should change it the downgrade ceiling because this game of chicken is sick. >> sometimes semantics can make all the difference. >>> breaking news. "usa today" is reporting that lance armstrong has confessed to using performance enhancing drugs. i am looking at just rapped with lance armstrong, 2 1/2 hours. he came ready. what he did tell her? >> he confessed to doping in his cycling career. the...
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Jan 15, 2013
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maybe we shouldn't call this the debt ceiling at all. maybe we should change it the do downgrade ceiling because this game of chicken is sick. >> sometimes semantics can make all the difference. >> "outfront" next, a legendary hacker and activist commits suicide and his parents blame the government. >> and the lance armstrong apology tour has officially begun, but is he really coming clean. what he said and did not say today. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. officeyour business needs...k... at prices that keep you...out of the red. this week get a bonus $15 itunes gift card with any qualifying $75 ink purchase. find thousands of big deals now... at officemax. overmany discounts to thine customers! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lo
maybe we shouldn't call this the debt ceiling at all. maybe we should change it the do downgrade ceiling because this game of chicken is sick. >> sometimes semantics can make all the difference. >> "outfront" next, a legendary hacker and activist commits suicide and his parents blame the government. >> and the lance armstrong apology tour has officially begun, but is he really coming clean. what he said and did not say today. we asked total strangers to watch it for...
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Jan 22, 2013
01/13
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melissa: tomorrow is the big day, the house vote on extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares re, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. lori: all right. back to business in washington now republicans hold a big vote to whether or not to extend the debt limit until may. if congress doesn't pass a budget by april 15th they no longer get paid! i have no problem with tha
melissa: tomorrow is the big day, the house vote on extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep....
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Jan 23, 2013
01/13
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melissa: tomorrow is the big day, the house vote on extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ officemax can help you drive supply costs down... and down. use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of big deals now... at officemax. girl: don't look at me. second girl: your hair's a bit frizzy today. aw! ha ha! you should pick that up. announcer: every day, kids witness bullying. poor you. ha ha! they want to help but don't know how. teach your kids how to be more than a bystander. visit stopbullying.gov. lori: all right. back to business in washington now republicans hold a big vote to whether or not to extend the debt limit until may. if congress doesn't pass a budget by april 15th they no longer get paid! i have no problem with that. our panel is here with their take on
melissa: tomorrow is the big day, the house vote on extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ officemax can help you drive supply costs down... and down. use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks...
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Jan 15, 2013
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>> reporter: house speaker john boehner says the american do not support raising the debt ceiling without cutting spending at the same time. boehner calls the debt an anchor on our economy. here's the leading senate republican, making his point. >> it's sort of like you have a kid who exceeds the credit card limit. you tear up the credit card, but you look at the spending. the republicans are willing to pay for past bills. these are about future bills. the president is missing the point that we are on an unsustainable path. >> reporter: portman acknowledges the need to raise the debt ceiling, but he supports the context of getting a handle on the spenning. >> shepard: this is disaster relief for victims of super storm sand gee right. we have had plenty of lawmakers saying we need to get a handle on government spending, but not when people are waiting for major disaster relief money. a key new jersey democrat is saying people from new york, new jersey and connecticut pay their fair share. three state, 16% of the taxes. you ask the question: who suffered because of super storm sandy? certai
>> reporter: house speaker john boehner says the american do not support raising the debt ceiling without cutting spending at the same time. boehner calls the debt an anchor on our economy. here's the leading senate republican, making his point. >> it's sort of like you have a kid who exceeds the credit card limit. you tear up the credit card, but you look at the spending. the republicans are willing to pay for past bills. these are about future bills. the president is missing the...
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Jan 16, 2013
01/13
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but his strategy with fiscal cliff as is his strategy wonderful the debt ceiling is to split fracture and therefore neuter republicans in the house because that is all that stands between him and total dominance of washington in his second term. he wants a return to 2009-2010 when he had control of both houses he had a super majority in the senate. huge majority in the house. and revolutionized healthcare and passed the biggest spending bill the stimulus in galactic history. that's what he wants. the only way to do it is to do what he is doing and it already worked with the fiscal cliff fractured the republicans. who was in charge of the last vote? nancy pelosi, the democrats. she got 9 out of 10 to go with her. a few republicans. she controlled the agenda. that's his strategy. >> bill: it's working. and i don't know whether it's going to work down the road but he has two huge things going for him. the media behind him, all right. so think are going to support what he does generally speaking on the networks news level in the major urban newspapers and wire services like the associated
but his strategy with fiscal cliff as is his strategy wonderful the debt ceiling is to split fracture and therefore neuter republicans in the house because that is all that stands between him and total dominance of washington in his second term. he wants a return to 2009-2010 when he had control of both houses he had a super majority in the senate. huge majority in the house. and revolutionized healthcare and passed the biggest spending bill the stimulus in galactic history. that's what he...
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Jan 15, 2013
01/13
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ceiling f.congress raises the debt cell what does it do. puts us more in debt. >> it allows him to borrow more money. >>reporter: half the people we talked to had no idea what the debt ceiling was. she blamed lawmakers. >> i believe honestly they make things purposely confuse to go do whatever they want. >>reporter: so if the president wants to turn up the heat on house republicans he has to make the issue clear and as bruce explains, republicans need to decide if they really want to stand their ground on this issue at the risk of economic down tivrnlt i think a lot has to do yes tea party you want to make a case is this the time to do it and right way to do it. that i think is boehner responsibility to explain that to his caucus members. my unitsing that's what he's planning to do over the next couple days. >>reporter: tea party express issued a statement saying it's completely irresponsible for the president of the united states to demagog this issue. the president will have big opportunity to speak to the nation on this if he chooses t t
ceiling f.congress raises the debt cell what does it do. puts us more in debt. >> it allows him to borrow more money. >>reporter: half the people we talked to had no idea what the debt ceiling was. she blamed lawmakers. >> i believe honestly they make things purposely confuse to go do whatever they want. >>reporter: so if the president wants to turn up the heat on house republicans he has to make the issue clear and as bruce explains, republicans need to decide if they...
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Jan 17, 2013
01/13
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we don't have to raise debt ceiling if sequestration happens. as a result republicans had a bargaining chip. lori: talk about the investments. emerging markets you like china and asia. in our tease we said germany too. >> yes. lori: i don't know if germany is really emerging markets. we'll start with emerging markets and move on. >> 2012 to 2013, 2012 we were heavily allocated in the u.s. now we're looking back overseas again. i'm not suggesting a dark cloud over europe is gone right now but i do think there are great opportunities in northern europe and germany remains as the one gem in europe in terms of that economic prowess. lori: tell me about the emerging markets. these economies in many ways are outperforming the u.s. many say put emerging markets into retirement if you want to earn a decent yield at this point you have to mix it up with the emerging markets. not alternative investment it used to be. >> correct. the old bric trade from 2007 and pull out r and o, invest in brazil and china those are two countries to be in. europe and u.s.
we don't have to raise debt ceiling if sequestration happens. as a result republicans had a bargaining chip. lori: talk about the investments. emerging markets you like china and asia. in our tease we said germany too. >> yes. lori: i don't know if germany is really emerging markets. we'll start with emerging markets and move on. >> 2012 to 2013, 2012 we were heavily allocated in the u.s. now we're looking back overseas again. i'm not suggesting a dark cloud over europe is gone...
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ceiling and your own history on the debt ceiling. >> getting votes for the debt ceiling are always difficult and bulge nets this town are always difficult. this is the united states of america, major. we can't manage our affairs in such a way that we pay our bills and we provide some certainty in terms of how we may our bills. if we want to have a conversation about how to redust our deficit let's have that. we've been having that nor the last two years. we just had an entire campaign about it. by the way the american people agreed with me that we should reduce our deficits in a balanced way that takes into account the need for us to grow this economy. martha: bob beckel is former democratic campaign manager and cohost of the five. mary katherine ham is editor at large and fox news contributor. why do you think it was so testy yesterday? >> obama's best form is not necessarily a press conference which is why he does than do many of them. i which he was testy for one real reason. the republicans trying to take the full faith and crucify the united states currency and putting it at fist being.
ceiling and your own history on the debt ceiling. >> getting votes for the debt ceiling are always difficult and bulge nets this town are always difficult. this is the united states of america, major. we can't manage our affairs in such a way that we pay our bills and we provide some certainty in terms of how we may our bills. if we want to have a conversation about how to redust our deficit let's have that. we've been having that nor the last two years. we just had an entire campaign...
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Jan 18, 2013
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next few months, with this debt ceiling fight. and try to extract more spending cuts out of democrats over the next few months. but again it has become clear through this strategy, appears we're going to have these spending and budgeting fight pretty much every few months in washington, as no long-term strategy is yet to emerge. back to you. ashley: you're thrilled by that, rich edson, thanks so much. tracy: poor guy. all right, let's talk more about that. house republicans laying out their strategy in this debt ceiling fight but will this no budget, no pay thing work to address our physical problems? joining us now, douglas holtz-eakin, president of the american action for rim. rich is talking about we're basically punting the debt ceiling three months. should the republicans drop the debt ceiling fight all together and focus on sequester, continuing resolution? they probably have more room to fight? >> getting it in this order, putting debt ceiling last, other bills first is to their advantage because they're fighting about spen
next few months, with this debt ceiling fight. and try to extract more spending cuts out of democrats over the next few months. but again it has become clear through this strategy, appears we're going to have these spending and budgeting fight pretty much every few months in washington, as no long-term strategy is yet to emerge. back to you. ashley: you're thrilled by that, rich edson, thanks so much. tracy: poor guy. all right, let's talk more about that. house republicans laying out their...
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Jan 17, 2013
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the nation's debt ceiling. to cut to red, my next guest advocates more green when it comes to health care. the called the health reduction. she said there would be a method. explain. >> well, actually, the public option would decrease the deficit by about $104 billion over ten years. >> how too you know that? >> that's the congressional budget office estimate. of what it would do. this is not numbers i made up. because it would inn fact lower the -- provide an option -- this would be completely by choice -- for people who don't want to pick this public option, among the private sector choices within a health exchange, and rates for premiums are estimated to be about 5 to 7% lower, meaning those people in the exchange that needed a subsidy would take fewer tax dollars and it is also estimated that it would serve as an anchor, because there's competition, to bring down the cost of health care, even in the private sector as well. >> when is the government -- when is the government ever done that? with george bush'
the nation's debt ceiling. to cut to red, my next guest advocates more green when it comes to health care. the called the health reduction. she said there would be a method. explain. >> well, actually, the public option would decrease the deficit by about $104 billion over ten years. >> how too you know that? >> that's the congressional budget office estimate. of what it would do. this is not numbers i made up. because it would inn fact lower the -- provide an option -- this...
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Jan 18, 2013
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the government could reach the current debt ceiling by mid-february. ray nagin, the mayor of new orleans during hurricane katrina, has been indicted on charges for corruption. a federal grand jury accused him today of bribery, wire fraud, and money laundering while in office. nagin was the city's mayor from 2002 until 2010. two former new orleans officials and two businessmen have already pleaded guilty in the case. u.s. attorney general eric holder today defended president obama's moves to curb gun violence. the president signed 23 executive orders this week, calling for such things as more research into gun violence. today, in washington, holder told the u.s. conference of mayors that there's no question the orders are legal. >> now let me be very clear. let me be very clear. not one of these executive orders contrary to what a few have said impinges upon anyone's second amendment rights or are inconsistent with the historical use of executive power. >> sreenivasan: some republicans have charged the president's executive action improperly bypassed co
the government could reach the current debt ceiling by mid-february. ray nagin, the mayor of new orleans during hurricane katrina, has been indicted on charges for corruption. a federal grand jury accused him today of bribery, wire fraud, and money laundering while in office. nagin was the city's mayor from 2002 until 2010. two former new orleans officials and two businessmen have already pleaded guilty in the case. u.s. attorney general eric holder today defended president obama's moves to...
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Jan 22, 2013
01/13
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>> they took a baby step with this debt ceiling thing saying you pass a budget. the next step is to say, okay, as part of a program of fiscal responsibility, we have to do something about this going forward. the reality is, republicans do not have much leverage. they lack the courage of their own convictions. they are scared silly because they think they will lose elections that way. dagen: what is the game plan down the road, though? will they just wait until we are on the verge of these programs starting to run out of at least some money and then they will raise taxes on wealthier people to fund them? there has to be a long game plan >> you are talking about these politicians acting like adults and thinking long-term. i do not think there is a long-term game plan when it comes to dealing with entitlements. connell: paul krugman wrote a big piece about that. we do not have to do with it now, just put it off. >> just think about the debate that we are having right now. democrats are saying we need to raise taxes for government spending. it is medicare, social sec
>> they took a baby step with this debt ceiling thing saying you pass a budget. the next step is to say, okay, as part of a program of fiscal responsibility, we have to do something about this going forward. the reality is, republicans do not have much leverage. they lack the courage of their own convictions. they are scared silly because they think they will lose elections that way. dagen: what is the game plan down the road, though? will they just wait until we are on the verge of these...
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Jan 22, 2013
01/13
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the republicans have at least begun to back off on the debt ceiling fight. you note that sandy aid passed even though it only got 46 republican votes in the house. it seems to me this strategy of laying out what you want and then negotiating is better than trying to figure out what the other side wants. >> chairman steel, there's been some discussion as to whether this was even, many of the, that progressive of a speech, but the reaction from conservative outlets -- >> oh, baby, it was. >> i have been waiting for the real barack obama to show up, and i don't mean that as a criticism. i mean that honestly. knowing him as i have come to know him over the years, going back to when he first came to washington as a senator, that's the guy that i as chairman was prepared to do battle against and framed my chairmanship and even wrote a book about how to defeat this agenda, this very progressive agenda for conservatives to wake up coming out of the slumps of 2006 and 2008. >> can i say one thing, though, and ezra, i would like to get your thoughts on this. i thought
the republicans have at least begun to back off on the debt ceiling fight. you note that sandy aid passed even though it only got 46 republican votes in the house. it seems to me this strategy of laying out what you want and then negotiating is better than trying to figure out what the other side wants. >> chairman steel, there's been some discussion as to whether this was even, many of the, that progressive of a speech, but the reaction from conservative outlets -- >> oh, baby, it...
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Jan 22, 2013
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i think what's going to happen on the debt ceiling they're going to vote to extend the debt ceiling for a couple of months and that's good. we don't want to be in a situation where we're defaulting or the threat of default, but i think they need to tie that back to something and maybe it's not the big and grand bargain with the entitlement plans right now, but i think at a minimum they have to tie it back to getting a budget at the senate, that begins the conversation. >> greta: it seems to me one of the large problems that small businesses have, correct me if i'm wrong, there's no certainty because congress and the president never make up their mind and they bring everything to the brink and pass something for three months. you don't no he what's going to happen with our tax structure or the debt ceiling. am i right? they don't sit down and make a decision that the lack of impact to make decisions in your business. >> one thing is a lack of certainty and the things we're certain of for small businesses, and hate to keep beating a dead horse, president obama is one of the job killers in
i think what's going to happen on the debt ceiling they're going to vote to extend the debt ceiling for a couple of months and that's good. we don't want to be in a situation where we're defaulting or the threat of default, but i think they need to tie that back to something and maybe it's not the big and grand bargain with the entitlement plans right now, but i think at a minimum they have to tie it back to getting a budget at the senate, that begins the conversation. >> greta: it seems...
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debt ceiling could be reached as early as mid february lead to a sovereign default or raising the boring limit could also be an issue as the republican party continues to strictly oppose any additional spending just last december congress struggle to find a compromise to avoid an automatic tax increase and the implementation of cuts dubbed the fiscal cliff. all right in just a couple of hours martin zooms in on the u.s. treasuries new boss and how the media has been distracting attention from the real problems ahead here's a preview. obama's chief of staff jack lew is moving on up. and of course the media has been all over the most controversial aspect of his record coming to a dollar bill near you this parody of a signature the treasury secretary's signature you see appears on all federal reserve notes dollar bills issued during his tenure here is jack lew's signature it really is and here is what jack lew's signature would look like on a dollar bill hahaha yeah according to corporate media the biggest dirt on mr lewis is new the signature apparently the most interesting thing they can
debt ceiling could be reached as early as mid february lead to a sovereign default or raising the boring limit could also be an issue as the republican party continues to strictly oppose any additional spending just last december congress struggle to find a compromise to avoid an automatic tax increase and the implementation of cuts dubbed the fiscal cliff. all right in just a couple of hours martin zooms in on the u.s. treasuries new boss and how the media has been distracting attention from...
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Jan 20, 2013
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as the debt ceiling hovers over head? >>> plus governor jerry brown up close and personal. in an exclusive interview with pbs "newshour's" spencer michels. >> it drives me crazy when people say, you haven't done anything. should we cut the colleges more and pump it into the prisons? >> our spotlight on politics coming up next.
as the debt ceiling hovers over head? >>> plus governor jerry brown up close and personal. in an exclusive interview with pbs "newshour's" spencer michels. >> it drives me crazy when people say, you haven't done anything. should we cut the colleges more and pump it into the prisons? >> our spotlight on politics coming up next.
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Jan 20, 2013
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a showdown looming between the congress and president on the debt ceil tonight how majority of the americans think that the problem should be solved. >> and hot cars. fox reports from what is billed as the greatest collector car auction. i am harris falker. we start with americans held captive taken by terrorist in the bp oil plant inside of gerl -- algeria. some of our people have been breaking free of the evil captor and that siege in the oil plant is over. we can now confirm the algerian army stormed the complex and ended the siege. president obama stands ready to provide the assistance for gerl - algeria in the aftermath. so many conflicting reports as we got word of the terrorist attack. we know that lives have been lost, but the question is how many. defense secretary leon pan nela speaking today. >> since 9/11 we made clear that, that nobody is going to attack the united states of america and get away with it . for that reason we have made a commitment that we are going to go after al-qaida wherever they are and wherever they try to hide . we have done that. obviously in afghanistan,
a showdown looming between the congress and president on the debt ceil tonight how majority of the americans think that the problem should be solved. >> and hot cars. fox reports from what is billed as the greatest collector car auction. i am harris falker. we start with americans held captive taken by terrorist in the bp oil plant inside of gerl -- algeria. some of our people have been breaking free of the evil captor and that siege in the oil plant is over. we can now confirm the...
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Jan 15, 2013
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i'm not going to give house republicans anything for raising the debt ceiling. it's on them. if they want to take the heat for veterans benefits and social security benefits not getting to people, what game of chicken are we playing here? >> really high stakes game of chicken is what we're playing here. i had the occasion of going back and reading actually the president's first news conference after he became president, and he is talking then about his overtures to republicans and how he hopes he can create habits of good behavior. well, it's been four long years, and that was about the feistiest press conference spurred by nothing other than he just really wanted to send this signal once again. his message was i'm not backing down, and he is getting the message back from republicans that they aren't either. i think we're going to be asking ourselves which side is going to blink for the next several weeks. i don't know that -- i don't feel confident that i know the answer to that question. >> ruth marcus, thank you very much. kristen welker thank you, from the white house. >>
i'm not going to give house republicans anything for raising the debt ceiling. it's on them. if they want to take the heat for veterans benefits and social security benefits not getting to people, what game of chicken are we playing here? >> really high stakes game of chicken is what we're playing here. i had the occasion of going back and reading actually the president's first news conference after he became president, and he is talking then about his overtures to republicans and how he...
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Jan 17, 2013
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the debt ceiling is still causing ago any. according to the fed's latest snapshot, some businesses are saying, we're not going to hire. >>> our fourth story out front. the american hostages in algeria. defense secretary, leon panetta, today, quick to call it a terrorist attack as he is traveling in europe. the interior minister says they are angry for the french offensive in mali. they attacked an oil field killing two and seizing a number of hostages. we have been working this story throughout the day. the exact number of u.s. hostages is unclear perhaps as few as three americans are being held. earlier in the day, we had heard it would be as many as seven. it is unclear if the number is wrong or some were able to escape. what are the latest reports there on the hostage situation? >> reporter: as you said, erin, we are still hearing conflicting reports about the number of hostages still being held. we are seeking confirmation from the british prime minister's office as to whether one of those hostages they have claimed to hav
the debt ceiling is still causing ago any. according to the fed's latest snapshot, some businesses are saying, we're not going to hire. >>> our fourth story out front. the american hostages in algeria. defense secretary, leon panetta, today, quick to call it a terrorist attack as he is traveling in europe. the interior minister says they are angry for the french offensive in mali. they attacked an oil field killing two and seizing a number of hostages. we have been working this story...
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Jan 17, 2013
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the speaker of the house refuses to speak to president obama about the debt ceiling and possible default. president obama says the same about him. there's not just a difference about this, all the money, pomp and circumstances, people don't feel like celebrating. there's a weariness and it's bipartisan but people do it bass it's one of our rituals that demands we come together and show the world we are the greatest democracy and we are unified in these moments for a reason. >> so, it's happy face for a day. >> you mentioned his first inaugural with all the soaring rhetoric and the promises of hope and aspirations, going to transcend the petty partisanship , usher in transparency, remake politics. arguably it didn't happen. what really can he say? >> it's going to be very difficult for him to come up with an address that really changes people's opinion about the state we're in or the direction of his second term. it's going to be hard to inspire. he'll probably go long. i don't think re'll follow abraham lincoln and just use 705 words, but he'll take credit, certainly, for some of the thi
the speaker of the house refuses to speak to president obama about the debt ceiling and possible default. president obama says the same about him. there's not just a difference about this, all the money, pomp and circumstances, people don't feel like celebrating. there's a weariness and it's bipartisan but people do it bass it's one of our rituals that demands we come together and show the world we are the greatest democracy and we are unified in these moments for a reason. >> so, it's...
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Jan 16, 2013
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we want to make certain, especially dealing with this debt ceiling, we do it in a fiscally responsible manner. >> would you be willing given your point of view overall in borrowing money that if kansas pays in a dollar, gets $1 back so 12 cents of every dollar, assume for a moment that number is right, this is the tax foundation number, that you would give that back, kansas would get a whole lot less from the federal government right now, would you sign on to that? >> well, i don't agree with those numbers. we got a whole tax code that actually helps states like new york that have higher taxes because they can take that off their federal income taxes. that has to be part of that as well. but i think we need to do -- certainly helping those in need is probably something we should be doing but if you're not going to spend 80% of the dollars for two years, what's the rush? let's get to the direct needs right now and that's what i think's important. that's why i offered transparency amendment that said let's go see where this money is going. that went on there. i think that's important. fe
we want to make certain, especially dealing with this debt ceiling, we do it in a fiscally responsible manner. >> would you be willing given your point of view overall in borrowing money that if kansas pays in a dollar, gets $1 back so 12 cents of every dollar, assume for a moment that number is right, this is the tax foundation number, that you would give that back, kansas would get a whole lot less from the federal government right now, would you sign on to that? >> well, i don't...
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Jan 15, 2013
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faces a new deadline of potentially defaulting on its debt next month unless the debt ceiling can be increased. republicans have maintained their stance that any borrowing hike must be offset by slashing government spending. add is what does this conference on monday, obama called the republican demand unacceptable. >> republicans in congress have two choices. they can act responsibly and pay america's bills, or they can act irresponsibly of america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the u.s. is not a bargaining chip. >> the death toll from the syrian government airstrike on a northern town has reached at least 20 people in addition to around 100 wounded. the victims were gathered in the public market when syrian warplanes bombed them from the sky sunday. the group doctors without borders says the attacks followed earlier bombings of local health facilities, making it nearly impossible to adequate
faces a new deadline of potentially defaulting on its debt next month unless the debt ceiling can be increased. republicans have maintained their stance that any borrowing hike must be offset by slashing government spending. add is what does this conference on monday, obama called the republican demand unacceptable. >> republicans in congress have two choices. they can act responsibly and pay america's bills, or they can act irresponsibly of america through another economic crisis. but...
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Jan 18, 2013
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the government could reach the current debt ceiling by mid-february. ray nagin, the mayor of new orleans during hurricane katrina, has been indicted on charges for corruption. a federal grand jury accused him today of bribery, wire fraud, and money laundering while in office. nagin was the city's mayor from 2002 until 2010. two former new orleans officials and two businessmen have already pleaded guilty in the case. u.s. attorney general eric holder today defended president obama's moves to curb gun violence. the president signed 23 executive orders this week, calling for such things as more research into gun violence. today, in washington, holder told the u.s. conference of mayors that there's no question the orders are legal. >> now let me be very clear. let me be very clear. not one of these executive orders contrary to what a few have said impinges upon anyone's second amendment rights or are inconsistent with the historical use of executive power. >> sreenivasan: some republicans have charged the president's executive action improperly bypassed co
the government could reach the current debt ceiling by mid-february. ray nagin, the mayor of new orleans during hurricane katrina, has been indicted on charges for corruption. a federal grand jury accused him today of bribery, wire fraud, and money laundering while in office. nagin was the city's mayor from 2002 until 2010. two former new orleans officials and two businessmen have already pleaded guilty in the case. u.s. attorney general eric holder today defended president obama's moves to...
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Jan 17, 2013
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. >> stop using the debt ceiling. you'll have a continuing resolution that runs out two weeks afterwards. why risk. in fact, if this is the rhetorical debate you want to have -- >> the problem with the republican party we get into this incrementalism where we assume we can win and keep putting off the debate. let's have a debate about whether or not we should balance our budget. >> a continuing resolution will be passed. the debt ceiling will be raised, right. >> i agree. the debt limit should be raised. >> should be raised with spending cuts and policy changes. >> why. >> so we can put our nation on a path to balance. >> why not have the fight on resolution. you're talking about future spending and not threatening the full faith and credit of the u.s. government. >> nobody is threatening the full faith and credit. >> it undermines your argument to have it during the debt ceiling debate. >> we can have this debate right now. we need it for the next month and come together a month from now and figure out where we stand
. >> stop using the debt ceiling. you'll have a continuing resolution that runs out two weeks afterwards. why risk. in fact, if this is the rhetorical debate you want to have -- >> the problem with the republican party we get into this incrementalism where we assume we can win and keep putting off the debate. let's have a debate about whether or not we should balance our budget. >> a continuing resolution will be passed. the debt ceiling will be raised, right. >> i...
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Jan 18, 2013
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debt ceiling discussion, debt ceiling and the fact that the federal government will run out of money at the end of march. >> all those bring a confluence of an opportunity to drive a debate and drive changes that get us towards long-term prosperity and get us off of this notion that we can just continue to borrow and spend. >> reporter: it is clear most republicans want there to be spending cuts as part of these fiscal matters as they work on long-term extensions or solving these problems long term. jenna. jenna: mike, if we're hearing this, then the white house is probably hearing this as well. any reaction from the white house about potentially this plan from republicans? report or the jenna, --. >> reporter: jenna white house officials are saying if congress doesn't want to raise the debt ceiling they should authority rise president obama to do it himself. they should extend it so it doesn't cause concern for the economy and global markets. >> longstanding tradition for the congress to raise the debt ceiling. this is power they have given themselves, the point is without delay. a
debt ceiling discussion, debt ceiling and the fact that the federal government will run out of money at the end of march. >> all those bring a confluence of an opportunity to drive a debate and drive changes that get us towards long-term prosperity and get us off of this notion that we can just continue to borrow and spend. >> reporter: it is clear most republicans want there to be spending cuts as part of these fiscal matters as they work on long-term extensions or solving these...
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Jan 18, 2013
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president obama as warned that if congress doesn't raise the debt ceiling the economy could crash and there could be delays for social security checks and veterans benefits. >>> university of california leaders say tuition hikes can be avoided this fall if the system gets the funding increase proposed in governor brown's budget plan. the quarter billion-dollar increase is less than that what the uc system had hoped. but it's a turnaround from years of budget cuts. the extra funding is due in part to proposition 30, the tax measure approved by california voters in november. >>> 55,000 local students will have the same class plan for part of today lessons on digital media safety. commonsense media is teaming up with the san francisco unified school district for the program. it will cover such toppers as cyberbullying and who to trust online. >>> starting this week yelp will post san francisco's health department inspection results for restaurants next to the reviews. you wouldn't be able to miss them. it will be a number grade from 0 to 100 indicating how well the restaurant fared on it
president obama as warned that if congress doesn't raise the debt ceiling the economy could crash and there could be delays for social security checks and veterans benefits. >>> university of california leaders say tuition hikes can be avoided this fall if the system gets the funding increase proposed in governor brown's budget plan. the quarter billion-dollar increase is less than that what the uc system had hoped. but it's a turnaround from years of budget cuts. the extra funding is...